Pakistan’s short-term inflation decreases by 0.12%

inflation decreases

The Sensitive Price Indicator (SPI) for the week ending August 1 showed a slight decrease of 0.12% for the combined consumption groups, according to the Pakistan Bureau of Statistics (PBS).

The SPI for the week under review was recorded at 321.56 points, down from 321.95 points the previous week. Compared to the same week last year, the SPI increased by 18.41%.

Among the 51 items surveyed, 24 (47.06%) saw price increases, 7 (13.72%) experienced price decreases, and 20 (39.22%) remained stable.

Notable decreases in average prices included electricity charges for Q1 (down 15.80%), bananas (down 4.87%), diesel (down 3.81%), petrol (down 2.23%), wheat flour (down 0.98%), and sugar and cigarettes (both down 0.21%).

Conversely, significant price increases were observed in chicken (up 5.91%), eggs (up 1.58%), cooked daal (up 1.05%), pulse gram (up 0.78%), cooked beef (up 0.53%), rice basmati broken (up 0.44%), garlic (up 0.43%), onions (up 0.40%), shirting (up 0.09%), and LPG (up 0.06%).

On a year-on-year basis, notable decreases included wheat flour (down 32.28%), electricity charges for Q1 (down 15.46%), cooking oil (down 13.44%), vegetable ghee 2.5 kg (down 9.99%), vegetable ghee 1 kg (down 9.21%), eggs (down 7.90%), chili powder (down 7.04%), mustard oil (down 6.80%), rice basmati broken (down 5.68%), petrol (down 1.20%), and diesel (down 0.16%).

Conversely, significant increases included gas charges for Q1 (up 570.00%), onions (up 86.53%), pulse gram (up 41.78%), powered milk (up 32.32%), pulse moong (up 30.21%), garlic (up 27.88%), shirting (up 25.09%), gents sandals (up 25.01%), salt powder (up 23.28%), beef (up 23.13%), pulse mash (up 21.22%), and energy savers (up 17.96%).

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